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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Goldilocks is back! Markets start 2023 in red-hot form

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Naomi Rovnick, Marc Jones and Yoruk Bahceli LONDON (Reuters) – From stocks to government bonds, markets have had one of their best starts to the year in decades but …

  • Business News

    Australia and China trade ministers to hold virtual meeting next week

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    SYDNEY (Reuters) -The trade ministers of Australia and China will hold a virtual meeting next week, Australia’s trade minister, Don Farrell, told broadcaster ABC in an interview on Tuesday. The …

  • Business News

    Factbox-Chinese chipmakers caught in U.S.-China tech spat

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Josh Horwitz SHANGHAI (Reuters) – China’s semiconductor industry has become a key target of the United States, which has imposed a slew of export restrictions targeting several parts of …

  • Business News

    India plans measures to curb Chinese imports as trade gap concerns mount -sources

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Shubham Batra, Sarita Chaganti Singh and Shivangi Acharya NEW DELHI (Reuters) -India is considering a number of tariffs and non-tariff steps to cut imports of non-essential consumer and electronic …

  • Business News

    U.S. solar prices still soaring as projects stalled

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    (Reuters) – U.S. solar energy contract prices have soared by a third over the past year as project developers have struggled to get imported panels, according to a report published …

  • Business News

    Squeezed mining companies face growth dilemma

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Clara Denina and Helen Reid JOHANNESBURG (Reuters) – High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in …

  • Business News

    Japan Inc strives to lure skilled workers as inflation, labour crunch bite

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Tetsushi Kajimoto TOKYO (Reuters) – From inflation allowances to the reskilling of workers, firms in Japan are stepping up efforts to help employees fight rising prices and a labour …

  • Business News

    World Bank approves $600 million loan to support Philippines’ recovery, financial sector

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    MANILA (Reuters) – The World Bank said on Tuesday it has approved a $600 million loan to support the Philippines’ economic recovery and efforts to make its financial sector more …

  • Business News

    Marketmind: Mind the gap

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    A look at the day ahead in European and global markets from Anshuman Daga An impressive 6% rally in global stocks this month, the first gain in January after three …

  • Business News

    What to do when your term life insurance is ending

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Chris Taylor NEW YORK (Reuters) – Joe Natiello is facing what you might call a “nice problem to have.” Almost 20 years ago, the 64-year-old Westfield, New Jersey, resident …

  • Business News

    For ASEAN countries, IMF sees slower global growth outweighing China reopening

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    SINGAPORE (Reuters) – International Monetary Fund economists said on Tuesday that Singapore and other Southeast Asian economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will …

  • Business News

    China’s copper costs driven up by Maike’s woes, output glitches

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    (This Jan. 20 story has been refiled to add dropped words in the eighth paragraph) By Siyi Liu and Dominique Patton FOSHAN, China (Reuters) – China’s copper buyers face higher …

  • Business News

    Contender for BOJ chief Yamaguchi warned against risk of govt meddling

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Leika Kihara TOKYO (Reuters) – Hirohide Yamaguchi, among the top candidates to become the next Bank of Japan (BOJ) governor, warned about the danger of signing a joint policy …

  • Business News

    Nissan shares rise after overhaul of Renault alliance

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    TOKYO (Reuters) -Shares of Nissan Motor Corp rose in Tokyo on Tuesday, after the Japanese automaker and its French partner Renault SA announced a sweeping overhaul of their two-decade-old alliance …

  • Business News

    Australia Dec retail spending nosedives in warning for economy

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Stella Qiu SYDNEY (Reuters) – Australian retail sales recorded the biggest drop in more than two years in December, as rising borrowing costs and sky-high inflation finally sank spending, …

  • Business News

    Emerging markets growth slowdown bottomed out in 2022, but risks remain – IMF

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Rodrigo Campos NEW YORK (Reuters) – The International Monetary Fund on Monday raised its output growth estimate on emerging markets for this year, with projections now showing the economic …

  • Business News

    IMF lifts 2023 growth forecast on China reopening, strength in U.S., Europe

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By David Lawder and Xinghui Kok SINGAPORE/WASHINGTON (Reuters) – The International Monetary Fund on Tuesday raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the United …

  • Business News

    IMF slashes UK growth outlook, adding pressure on finance minister Hunt

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    LONDON (Reuters) – Britain is the only Group of Seven nation to have suffered a cut to its 2023 economic growth outlook in International Monetary Fund forecasts published on Tuesday, …

  • Business News

    China January factory activity rebounds – official PMI

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    BEIJING (Reuters) – China’s factory activity rebounded in January, expanding for the first time since September 2022, official data showed on Tuesday, as the “exit wave” from zero-COVID passed through …

  • Business News

    China non-manufacturing activity rebounds in January – official PMI

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    BEIJING (Reuters) – China’s non-manufacturing activity broke into expansion territory for the first time since September 2022, official data showed on Tuesday, as consumption and travel recovered over the Lunar …

  • Business News

    Japan Dec factory output inches down, retail sales beat forecasts

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Kantaro Komiya TOKYO (Reuters) – Japanese factories cut output slightly in December, capping the worst quarter for manufacturers since the onset of the COVID-19 pandemic, hit by stalling global …

  • Business News

    China foreign minister seeks stronger economic ties with Saudi Arabia

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    BEIJING (Reuters) – China’s new foreign minister Qin Gang wants to build stronger ties with Saudi Arabia and set up a China-Gulf free trade zone “as soon as possible”, according …

  • Business News

    People who posted Sam Bankman-Fried’s bail should be named, U.S. judge rules

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday said the names of two people who helped guarantee bail for indicted FTX cryptocurrency exchange founder Sam Bankman-Fried …

  • Business News

    Japan Finance Minister: Too early to consider reviewing gov’t-BOJ inflation statement

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    TOKYO (Reuters) – Japanese finance minister Shunichi Suzuki on Tuesday said it is not yet time to debate a possible review of a joint statement the government and Bank of …

  • Business News

    Factbox-Later retirement, income guarantees: What’s in France’s pension reform?

    by Reuters January 30, 2023
    by Reuters January 30, 2023

    PARIS (Reuters) – President Emmanuel Macron’s plan to reform France’s costly pension system, including raising the retirement age, has infuriated trade unions who are calling for a second day of …

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